Wolters Kluwer Unveils TeamMate+ Features for Enhanced Audit Operations

Author: Henry Turner Updated: 12-11-2024 09:29 AM

Wolters Kluwer Introduces New Features for TeamMate+

Wolters Kluwer, a renowned name in professional information and software solutions, has recently announced the launch of two groundbreaking enhancements to its TeamMate+ audit management platform. The new features, Multi-Year Audit Planning and Business Rules Engine, are designed to significantly improve the efficiency of internal audit teams and ensure data accuracy.

Enhancing Internal Audit Efficiency

These latest features illustrate Wolters Kluwer’s dedication to meet the evolving requirements of audit and compliance functions within various organizations. As complexities in regulatory environments become more pronounced, the ability to effectively navigate these challenges is crucial. Charlene Noll, Director of Product Management for Wolters Kluwer Audit & Assurance, emphasized that these tools allow teams to make informed and strategic decisions quickly.

Multi-Year Audit Planning

The Multi-Year Audit Planning feature offers an automated approach to streamline audit planning over several periods, which is essential for professionals operating in strictly regulated sectors. By utilizing existing organizational data housed within TeamMate+, audit leaders can generate a reliable forecasted audit schedule. This capability not only facilitates efficient planning but also enables teams to make necessary adjustments grounded in professional insights and documented reasoning, thus supporting compliance with various industry standards.

Business Rules Engine Functionality

Another impressive innovation, the Business Rules Engine, helps users receive contextual guidance aligned with organizational standards. By doing so, it minimizes the occurrence of data inconsistencies and reduces the need for reactive quality checks. This proactive approach empowers audit teams to uphold data integrity throughout the audit cycle, improving overall process efficiency and the quality of outcomes.

Commitment to Quality and Compliance

Wolters Kluwer's team of experts has spent over 30 years refining their technologies, ensuring that users receive cutting-edge tools for enhanced planning and compliance. With the TeamMate+ platform now available to professionals in 150 countries and in 19 languages, it stands as a testament to the firm’s ongoing commitment to innovation.

About Wolters Kluwer

Wolters Kluwer, listed on EURONEXT as WKL, is a leading provider of information and software solutions across a variety of sectors, including healthcare, legal, and corporate performance management. The company reported impressive annual revenues, affirming its strong market presence and operational reach in over 180 countries. With approximately 21,400 employees around the globe, Wolters Kluwer’s expertise equips customers to make critical decisions that shape their businesses.

Frequently Asked Questions

What are the new features in TeamMate+?

The new features include Multi-Year Audit Planning for efficient scheduling and Business Rules Engine for maintaining data integrity.

How do these features improve audit efficiency?

They streamline the audit planning process, allow for better resource allocation, and ensure adherence to compliance standards.

In how many countries is TeamMate+ currently available?

TeamMate+ is available in 150 countries around the world.

What is the expertise of Wolters Kluwer?

Wolters Kluwer specializes in information software solutions for a variety of sectors, enhancing decision-making processes for its clientele.

How many employees does Wolters Kluwer have worldwide?

The company employs around 21,400 professionals globally, assuring a high level of expertise and service for its customers.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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